Users can gain a cryptocurrency, more specifically STEEM, for publishing and curating content (i.e. posts).

HIVE is the official cryptocurrency on the successful fork of the main Steem blockchain in 2020.

In addition, this fork has many of the features of the main Steem blockchain, as well as a series of original ones, such as badges.

[7] In March 2017, Larimer stepped back as Steemit's chief technology officer and left the company.

[8] With the STEEM price dropping during the 2018 cryptocurrency crash, Steemit faced financial difficulties and had to lay off 70% of its staff.